Module 228 Exponential Growth Law 29
Module 228 Exponential Growth Law 29
ln |Q| = rt + C1
|Q| = ert+C1
Q = eC1 ert
Q(t) = Cert
Using Q(0) = Q0 , we get
Q(0) = Cer(0)
Q0 = C
Therefore Q(t) = Q0 ert .
Remarks:
1
2. The expression eC1 is just a constant. So, we replaced it with C, a
simpler looking constant.
In summary, we have
where
• Q0 = amount of Q at t = 0
• t = time
• Q = quantity at time t
In the model above, if r is positive, then the quantity Q increases over time.
We call these models exponential growth models. Exponential growth
models include the continuous compound interest and the bacteria population
models. On the other hand, if r is negative, then the quantity Q decreases
over time. We call them exponential decay models, which include the
radioactive decay of radioactive isotopes.
2
As an illustration, we recall the continuously compounded interest model.
Let P be the initial amount of money deposited in an account that earns
interest at the annual rate r compounded continuously. According to the
future value formula, the amount in the account after t years will be
A = P ert .
The following are examples of models following the exponential growth law.
Solution:
I(x) = I0 e−0.00942x .
Next, we need to find the depth at which the light is reduced to one third the
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surface light I0 . That is, we need to find the value of x at which I(x) = 13 I0 .
1
I0 = I0 e−0.00942x
3
1
= e−0.00942x
3
1
ln = −0.00942x
3
ln 31
116.626 ≈ = x
−0.00942
Therefore, at approximately 117 feet below the surface, the intensity of light
is reduced to one third the surface light.
Solution:
Let C(t) be the amount of cesium-137 still present t years after 1986. Sup-
pose C0 is the amount of cesium-137 emitted in 1986, then there will be
0.502C0 of cesium-137 left in 2016.
To find the continuous compound rate of decay of this isotope, we start with
the differential equation
dC
= −rC, C(0) = C0 .
dt
It follows that
C(t) = C0 e−rt .
If t = 2016 − 1986 = 30 then C(t) = 0.502C0 .
4
C(30) = C0 e−r(30)
0.502C0 = C0 e−r(30)
0.502 = e−30r
ln(0.502) = −30r
ln(0.502)
0.022972 ≈ − = r
30
Therefore, the continuous compound rate of decay of cesium-137 is 2.30%
per year.
5
Try this out!
Exercise 4:
dp
2. The marginal price at x units of supply per day is proportional to
dx
the price p. There is no supply at a price of 20 dollars per unit, and
there is a daily supply of 40 units at a price of 23.47 dollars per unit.